Bitget Wallet Joins Japan's BCCC as Exchange Pulls Back From Market

Overview

• Bitget Wallet joined the Blockchain Collaborative Consortium on Friday to take part in BCCC committees that advise policymakers on wallet standards, decentralized finance and stablecoins.
• The move gives Bitget’s non-custodial product a formal channel to share international operating experience as Japan implements new intermediary rules and considers treating digital assets as financial instruments.
• Bitget’s centralized exchange is simultaneously withdrawing services from Japan after regulator warnings, with new registrations already stopped, restrictions set to begin on November 1 and open positions scheduled for automatic closure on December 31.
• Bitget Wallet says it serves more than 100 million users and supports over 130 blockchains, but those figures are company-provided and not independently audited.
• BCCC, founded in 2016 and representing more than 270 organizations, offers a technical and policy forum where participation by global wallet providers could shape how Japan distinguishes self-custody tools from custodial exchanges and affect future consumer protections.